Posts Tagged ‘spendthrift adolescents’

The Federal Reserve’s Punch Bowl and Those Who Drink From It

Wednesday, July 1, 2009 20:49 4 Comments

On NPR the other morning I heard the commentator describe the Federal Reserve Bank as an entity whose job it is to “take away the punch bowl just as the party gets going.” The punch bowl line is not a new one. The punch bowl, in fact, was allowed to remain on the table for [...]

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